Russia's Currency Crisis

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The price of oil and economic sanctions have panicky Russian consumers rushing to buy whatever they can as the ruble loses its value, but at today's three-hour, end-of-the-year news conference, Vladimir Putin said, not to worry: the crisis will only last a couple of years.  He blamed the US and Europe, said the Russian bear won't be chained up -- saying he was referring to nuclear weapons.

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We look at what might be in store for Ukraine and at the role of Saudi Arabia in Russia's economic decline.

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Host:

Warren Olney